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News

The latest news and information on mortgages, the property market and other financial matters.

Interest rates

Interest rates are coming down

While interest rates are no longer at the historic lows we saw last year, they are starting to come down and the market is showing signs of stability. The Bank of England base rate has increased steadily all year in a bid to combat inflation. On 3 November, it was...

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Tax increases

Key points from the Autumn Statement

The Chancellor’s Autumn Statement was issued yesterday (17 November), and there was some good news for homebuyers regarding stamp duty. Here’s a quick summary… Chancellor Jeremy Hunt yesterday revealed his Autumn Statement. The Chancellor said he wants to restore...

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Houses

House prices fall as market “cools”

Property prices dipped slightly in October, but it’s important to keep things in perspective, as they have increased by more than 25% in the last three years. House prices fell slightly by -0.4% in October, according to Halifax. The lender has reported that annual...

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Houses

Bank of England base rate goes up

In a bid to combat inflation, The Bank of England has increased the base rate to 3%. Find out what this means for your mortgage. The Bank of England has today announced that the base rate has increased from 2.25% to 3%. This is the biggest increase since 1989 and...

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Interest rates

“Stability” may help mortgage rates

The increase in fixed mortgage rates appears to have stalled as financial markets eye-short-term stability. Recent changes in government appear to have calmed the markets, with Santander and Yorkshire Building Society both cutting rates last week, according to The...

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Mortgage rates

Mini budget is virtually abandoned

The new Chancellor has ditched most of the mini-budget, so what does this mean for mortgage interest rates and stamp duty? Read on to find out. Chancellor Jeremy Hunt today announced that he is scrapping almost all of the tax cuts outlined in the mini-budget on 23...

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